All Forum Posts by: Michelle Crochet

Hey fellow real estate enthusiasts!

📷 Are you a motivated individual with a California real estate license? Do you have a passion for real estate and a drive to succeed? If so, we have an exciting opportunity for you!

We are currently seeking a dynamic Junior Real Estate Agent to join our team and work with the Director of our company, based in the Burbank office, covering the greater Los Angeles real estate market. This is a fantastic chance to gain hands-on experience, learn the ins and outs of the industry, and contribute to the success of a thriving real estate business.

Job Description: Junior Real Estate Agent

Qualifications:

• - Must hold a valid California real estate license
• - Highly organized with a keen eye for detail
• - Capability to streamline and automate existing systems
• - Enthusiastic about growing their own business and bringing in deals
• - Flexibility to work outside normal business hours and on weekends
• - Experience as a real estate investor or a strong interest in real estate investing is a plus

Responsibilities:

• - Assist in transactions, organize information, and coordinate with all parties involved
• - Work closely with the Director of the company to ensure smooth deal processes
• - Maintain organized records of leads and client interactions
• - Host open houses to showcase properties
• - Show properties to clients and provide excellent customer service
• - Demonstrate flexibility in working with client schedules

Compensation:

• - Competitive salary plus a commission split

Join us on this exciting journey in the heart of the Los Angeles real estate market! To apply, please send your resume and a brief cover letter with the subject "APPLICATION: Junior Real Estate Agent" to [email protected] and cc: [email protected] & [email protected]

Let's make deals happen together!

Best regards,
Michelle Crochet

Hi Jorge, It's great that you're asking questions and seeking guidance about contracts for your fix and flip venture. Contracts are crucial in real estate transactions, so it's important to understand the key components and considerations!!

You can consider these contingencies:

- Inspection Contingency: To identify and address property issues.

- Financing Contingency: If you can't secure financing.

- Appraisal Contingency: If the property appraises lower than agreed.

- Title Contingency: For a clear property title.

- Permit Contingency: If renovation requires permits.

- Partner Approval: If working with partners.

- Market Conditions: To respond to market changes.

For contract templates, I do suggest to consult a real estate attorney. They'll ensure legality and tailored fit. Make sure to discuss experience, fees, and any questions you have for them. Remember, contracts are binding, so seek professional guidance. Best of luck to you Jorge!! :D

Hey Rika,

It's great that you're doing your due diligence and seeking advice on this situation. Buying a new build SFH as your first investment property is a big step, and it's important to make informed decisions.

Comparing builders is a wise approach. You've done well in noticing that the price, incentives, and potential for immediate cash flow differ between Starlight Homes and Lennar. It's true that home quality can vary from builder to builder. Both builders have pros and cons, and the key is to carefully assess these factors based on your investment strategy.

Having a third-party inspection is a smart move. Regardless of the builder you choose, getting a professional inspection is a critical step. Inspections can help identify any construction issues or concerns that might not be immediately obvious. If you're concerned about home quality, you can include an inspection contingency in your purchase agreement, specifying that certain issues need to be resolved before closing andd this gives you leverage to negotiate repairs or adjustments with the builder.

Remember, this is your investment and your financial future. While your realtor's input is valuable, the ultimate decision should be based on what aligns with your investment goals and risk tolerance. It's okay to stand firm and make choices that are in your best interest. If you're feeling uncomfortable or unsure about your realtor's motivations, you might consider seeking a second opinion or even working with a different realtor who can provide unbiased guidance.

Trust your judgment, do your research, and ensure you're comfortable with your decision. Best of luck with your investment journey, Rika!! :)

Hey there, Chris! Exciting times ahead as you venture into the world of short-term rentals.

Here are some tips to get you started:

-Educate Yourself: Dive deep into resources like books, podcasts, and online courses dedicated to short-term rentals. Learn the ins and outs of the market, regulations, and successful strategies.

-BiggerPockets: Engage with experienced short-term rental investors. There's a wealth of knowledge here!

-Attend Meetups and Conferences: Look for local real estate meetups and industry events where you can network with experts and like-minded investors. I have some every month, let me know if you wanna join.

-Find a Mentor: Seek out an experienced short-term rental investor who can guide you through the process, share valuable tips, and help you avoid common pitfalls.

-Start Small: Consider starting with a single property to gain hands-on experience before scaling up to multiple rentals.

-Location Matters: Research and choose locations that have high demand for short-term rentals, considering factors like tourist attractions, business hubs, and local events.

-Master Marketing: Develop effective marketing strategies to attract guests and maximize occupancy. Quality photos and engaging descriptions are key!

-Stay Compliant: Familiarize yourself with local regulations and licensing requirements to ensure you operate your short-term rental legally.

-Learn from Mistakes: Be open to learning from your own experiences and mistakes. The learning curve may be steep, but it's all part of the journey.

Remember, real estate investing is a journey of continuous learning and growth. Stay committed, stay curious, and you'll do great! Best of luck on your short-term rental adventure, Chris!

Hi, Milad!

Renovations can be quite the rollercoaster, especially when it comes to HVAC systems. I totally get how you might feel confused with contractors giving different advice. Here's some insight that might help:

-Heat Pump: These are all about energy efficiency and can handle both heating and cooling. However, keep in mind that they might not perform as well in super extreme weather.

-Traditional HVAC: Think of systems like Goodman or Ruud as the trusty old workhorses. They're widely used and reliable. Plus, they can be more budget-friendly upfront, especially in places with wild weather swings. But they might not be as energy-efficient as those fancy heat pumps.

Now, to make the best decision, consider LA, the energy costs in your area, and what you're planning to do with the property in the long run. Talking to different HVAC experts might help; and get multiple quotes to weigh the costs and benefits. At the end of the day, go with the system that fits your needs, budget, and their pros & cons. Good luck with your renovation adventure!

Come out for a meet up with like-minded individuals to talk about investing. We also invited an expert on Opportunity Zones to educate the group on that investment strategy. Bring questions! The location is the Keller Williams Burbank Office at 111 N. First St. # 300, Burbank, CA 91502. 6pm-8pm

Hope to see you there! Please let me know if you intend to come :)

Hello, real estate professionals! I have a referral opportunity for an agent who specializes in short-term rental properties or Airbnb in Las Vegas, Nevada.

My client is in search of properties that are already established as successful short-term rentals.

If you're an agent based in Las Vegas with expertise in short-term rentals and Airbnb, I'd love to connect with you and discuss this referral opportunity. Let's work together to help my client find their ideal investment property!

Please reach out to me if you're interested. I look forward to collaborating with you and delivering excellent service to our client!

Thanks,

Michelle

Hello BiggerPockets community!

I'm a real estate agent on the lookout for a lender who specializes in short-term rentals in Las Vegas.

If you're interested or know someone who might be a good fit, please reach out to me. I'm excited to connect with like-minded professionals who share a passion for real estate and helping investors succeed.

Thanks,

Michelle

I agree with the other comments!

Here's my take:
Analyze comparable properties: Compare your unit to similar properties in terms of size, location, and condition. This will help you determine a competitive and reasonable rental price.

Here are website suggestions (to have more comparisons):

-Zillow (www.zillow.com)

-Rentometer (www.rentometer.com) as suggested by Charley!

-Apartments.com (www.apartments.com)

-Rent.com (www.rent.com)

-Trulia (www.trulia.com)

-HotPads (www.hotpads.com)

-Craigslist (losangeles.craigslist.org)

Hi Erik,

I have 2 thoughts in mind:

1. Contact the reverse mortgage company: It's important for her to establish clear communication with the reverse mortgage company to resolve the issue of not being recognized as the successor. Providing the necessary documentation and working through any legal processes can help clarify her ownership status.

2. Consider a sale: If she's willing to consider selling, it's essential to evaluate the financial implications, including capital gains tax, closing costs, and potential relocation expenses. Collaborating with a real estate agent or a professional experienced in handling complex real estate transactions can help navigate this process.

Hope this helps. Let me know if there's anything I can help with.